Statement of Cash Flows A summary of cash flows for Ethos Consulting Group for the year ended May 31, 2018, follows: Cash receipts: Cash received from customers $127,600 Cash received from issuing common stock 22,000 Cash payments: Cash paid for operating expenses 72,600 Cash paid for land 33,000 Cash paid for dividends 4,400 The cash balance as of June 1, 2017, was $13,600. Prepare a statement of cash flows for Ethos Consulting Group for the year ended May 31, 2018. Use the minus sign to indicate cash outflows, cash payments, and decreases in cash. Ethos Consulting Group Statement of Cash Flows For the Year Ended May 31, 2018 Cash flows from operating activities: Cash received from customers $ 127,600 Cash payments for operating expenses Net cash flows from operating activities $ Cash flows used for investing activities: Cash payments for purchase of land Cash flows from financing activities: Cash received from issuing common stock $ Cash dividends Net cash flows from financing activities Net increase in cash $ Cash as of June 1, 2017 Cash as of May 31, 2018